Deputy Governor of the State Bank of Vietnam (SBV) Pham Tien Dũung said accessing the national population database will help banks to check and authenticate new customer information more easily.
The Ministry of Public Security has warned about the risk of black credit provided by online lending applications which could threaten social security.
Peer to peer, or P2P, lending has been developing rapidly around the world in recent years with the establishment of many online lending companies, experts have said.
